Property summary
This two-story, 21,800 square foot commercial building at 303 21st St, Newport, MN 55055, offers diverse office spaces ideal for various businesses. Located in the Washington County submarket (Newport/Cottage Grove cluster), this Class C property boasts a convenient location near Newport's new city hall and off Highway 494, ensuring high visibility and accessibility. Built in 1954 and renovated in 2009, the building features 25 suites, with four currently available, ranging from 668 to 1,850 contiguous square feet. The minimum divisible space is 668 square feet. The building includes a total of 34 parking spaces and an open atrium at the main entrance, enhancing the welcoming atmosphere. Security features include a camera system and automated access control at the main entrance. The building's diverse tenancy includes a US Post Office, providing excellent exposure and foot traffic. Other tenants represent a variety of services, including tax services, chiropractic, cosmetics, tattoo, logistics, dental, pet accessories, and mechanical contractors. The building is well-maintained and offers 8-foot ceilings. Utilities are provided by Xcel Energy. The property sits on one acre of land and is zoned MX-2. While there are no elevators, the building's two stories are easily accessible. This property presents a valuable opportunity for businesses seeking a well-located, versatile, and established office space in a thriving community.
Property profile
VerifiedCap rate & NOI
Current use
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Shopping Center & Mall
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General Contractor
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Social Service Agency Charitable Organization
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High School Vocational School
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Auto Repair Shop (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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